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i have been keeping my own money and nice list for washington. visiting towns like this. >> president obama got his wish rather than negotiing with republicans he was simmering them back on the campaign trail at a factory in pennsylvania that makes angry birds toys. >> it's not acceptable to me, and i don't think it's acceptable to you for and full of republicans in congress told middle-class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> within minutes the speaker fired back that the talks are now on life support. >> there is a stalemate. let's not kid ourselves. >> replan the president for sending treasury secretary to capitol hill with a proposal that ledenate republican leader to literally burst out laughing. >> the white house took thr weeks to respond with any kind of a proposal. much to my disappointment it was not a serious one. >> the president campaigns on $800 -- 800 billion in tax increases ending the bush tax cuts for the wealthy, but is now proposing. adding tax hikes on dividends and ca
i have been keeping my own money and nice list for washington. visiting towns like this. >> president obama got his wish rather than negotiing with republicans he was simmering them back on the campaign trail at a factory in pennsylvania that makes angry birds toys. >> it's not acceptable to me, and i don't think it's acceptable to you for and full of republicans in congress told middle-class tax cuts hostage simply because they don't want tax rates on upper income folks to go up....
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i think the washington support will weigh in very quickly obama has been reelected on the reelected president into a second at his most powerful and i think yes and you know who might do well to remember that he also very much involved himself in the internal politics the usa during the election campaign that can't even do it himself very much the administration the movement around the world for palestine for the palestinian people is unprecedented netanyahu should wake up and recognise that you can't be gerry corbin thank you for your thoughts on r.t. . russia and turkey arriving to boost the trade turnover to over one hundred billion dollars a year just one of the big business announcements made during president putin's visit to istanbul but the two countries remain at loggerheads over how to solve the conflict in syria which neighbors turkey has got the latest from istanbul. syria dominated the press conference off the russian and turkish leaders to quote president putin we russia and turkey have common goals when it comes to syria but it's the methods over reaching that solution peaceful
i think the washington support will weigh in very quickly obama has been reelected on the reelected president into a second at his most powerful and i think yes and you know who might do well to remember that he also very much involved himself in the internal politics the usa during the election campaign that can't even do it himself very much the administration the movement around the world for palestine for the palestinian people is unprecedented netanyahu should wake up and recognise that...
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thanking, michael singh, from the washington institute. president obama announced the proposal for avoiding the fiscal cliff. republicans called it a "joke." breaking just minutes ago, republicans have made a counteroffer. we will get to that. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd
thanking, michael singh, from the washington institute. president obama announced the proposal for avoiding the fiscal cliff. republicans called it a "joke." breaking just minutes ago, republicans have made a counteroffer. we will get to that. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#:...
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that's the sort of interest that that sort of conversation helps and that's very unfortunate michel in washington jump in go ahead there seems to be a tendency that is if you hear a country is running out of water it's going to require some sort of huge incredible thing whether it be some sort of large dam or some huge project or some major endeavor to rescue the country and bring back water generate more why not really in a lot of cases and particularly in a case like pakistan which i've looked at quite closely i know donnish as well you know you could take relatively simple measures like paying a relatively small amount of money to patch up leaks. yes water was in crosstalk coming up in just over an hour's time here not take. a partridge is here the best to be exporting a couple minutes stay with us. wedge issues do just what their name implies they get between people and drive them apart like a wedge and these issues seem to always take the forefront in the media things like abortion gun rights marijuana legalization and the weather well the weather isn't really a wedge issue but people sure t
that's the sort of interest that that sort of conversation helps and that's very unfortunate michel in washington jump in go ahead there seems to be a tendency that is if you hear a country is running out of water it's going to require some sort of huge incredible thing whether it be some sort of large dam or some huge project or some major endeavor to rescue the country and bring back water generate more why not really in a lot of cases and particularly in a case like pakistan which i've...
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the palestinian people will wake up tomorrow and find that little about their lives has changed but washington's unflinching support for tel aviv has separated from some of its longtime allies in the un more and more countries are turning their back on decades of negotiations that have led nowhere what has changed has been the continual failure of the us controlled so-called peace process to lead to any kind of end to occupation and what i think was the catalyst here is that political pressure on other matters in on the palestinian authority from their own population from their own people who were saying you know what we've had twenty one years of failed diplomacy we're not looking for twenty two we want something different and that's something means a real shift in policy first and foremost the consensus on the international stage is that israel needs to stop building settlements deemed illegal by the un certain to be international community you know is a whore's. a provocation which heroes of course our detriment. so god. it was a little more than a year ago that palestinian president mahmoud
the palestinian people will wake up tomorrow and find that little about their lives has changed but washington's unflinching support for tel aviv has separated from some of its longtime allies in the un more and more countries are turning their back on decades of negotiations that have led nowhere what has changed has been the continual failure of the us controlled so-called peace process to lead to any kind of end to occupation and what i think was the catalyst here is that political pressure...
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that's the sort of interest that that sort of conversation helps and that's very unfortunate michael in washington jump in go ahead there seems to be a tendency that is if you hear a country is running out of water it's going to require some sort of huge incredible thing whether it be some sort of large there are some huge project or some major endeavor to rescue the country and bring back water generate more why not really in a lot of cases and particularly in a case like pakistan which i've looked at quite closely i know donnish as well you know you could take relatively simple measures like paying a relatively small amount of money to patch up leaks. yes water was in crosstalk in just a few minutes here in r.t. . but let's return now to president putin's trade visit to turkey which comes as the country's tension with neighboring syria is increasing the topic both russia and turkey have struggled to see eye to eye on reaction now from a journalist you said kindly in ankara for us not what arguments can we expect turkey and russia to bring up over syria do you think is there any room for agreemen
that's the sort of interest that that sort of conversation helps and that's very unfortunate michael in washington jump in go ahead there seems to be a tendency that is if you hear a country is running out of water it's going to require some sort of huge incredible thing whether it be some sort of large there are some huge project or some major endeavor to rescue the country and bring back water generate more why not really in a lot of cases and particularly in a case like pakistan which i've...
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we'll roll out those results. >> christmas charities in the washington, d.c. area but i record s.o.m.e., so others may eat. >> we'll see you back here tomorrow. coming up, chris jansing. bye. why? because i'm gonna make the call to switch to a new medicare prescription drug plan. [ male announcer ] if you're looking to say hello to savings... hello to value... hello to a part d plan that's there for you, choose an aarp medicarerx plan from unitedhealthcare. open enrollment ends december 7th. so call now. ask about the lowest part d premium in the u.s., plus the new preferred pharmacy network, where you can get copays for as low as $1. prescriptions for a buck? a buck won't even get you a cup of coffee these days. [ male announcer ] unitedhealthcare is here for you, so call for your free information kit, or to enroll. say hello to no deductible, the preferred pharmacy network and much more. remember: the time to switch ends december 7th. call today. i am so ready to call. i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans?
we'll roll out those results. >> christmas charities in the washington, d.c. area but i record s.o.m.e., so others may eat. >> we'll see you back here tomorrow. coming up, chris jansing. bye. why? because i'm gonna make the call to switch to a new medicare prescription drug plan. [ male announcer ] if you're looking to say hello to savings... hello to value... hello to a part d plan that's there for you, choose an aarp medicarerx plan from unitedhealthcare. open enrollment ends...
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jenna: james is live in washington with more. reporter: yes, what is clear is increasingly, the two sides -- the obama, white house, senate democrats on one side, senate republicans on the other, there is a ticking clock involved here. they should be hitting their stride right about now. timothy geithner is trying to avoid plunging of the fiscal cliff. he has made clear that the obama administration is saying that the first order of business has to be to extend tax breaks for middle-class families and raise tax rates for the top 2% of income earners. talks over how to rein in entitlement spending should be held sometime next year. >> the president is asking for $1.6 trillion of new revenue over 10 years. twice as much as he has been asking for the public. his stimulus spending exceeded the amount of new cuts that he was willing to consider. it was not a serious offer. reporter: enter a new player in the talks, stephanie cutter. you remember her? she was the deputy campaign manager for the obama-biden ticket suggested that mitt ro
jenna: james is live in washington with more. reporter: yes, what is clear is increasingly, the two sides -- the obama, white house, senate democrats on one side, senate republicans on the other, there is a ticking clock involved here. they should be hitting their stride right about now. timothy geithner is trying to avoid plunging of the fiscal cliff. he has made clear that the obama administration is saying that the first order of business has to be to extend tax breaks for middle-class...
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catherine herridge has more in washington. reporter: thank you, megyn, and good afternoon. the international telecommunications union, this conference in dubai is viewing rules established long before the internet became a primary method of communication. the u.n. body could impact every day vacation. >> this could affect every cell phone tablet personal computer in the world. pretty much every chip in every type of consumer devices have an ip address associated with them. therefore, there are proposals that the there be a registry for each of those computer chips. reporter: the u.s. is in support of what is called web neutrality. the conference raises the specter of nations, including iran, china, and russia, agreeing to live under the u.n. rules, which critics say are restrictions. critics say that it is part of a steady drip drip of regulations that will chip away at internet freedom. >> the internet is the network of networks, made up of thousands of networks. all of them are privately managed. it would be crazy to bring back old school telephone regulation and apply th
catherine herridge has more in washington. reporter: thank you, megyn, and good afternoon. the international telecommunications union, this conference in dubai is viewing rules established long before the internet became a primary method of communication. the u.n. body could impact every day vacation. >> this could affect every cell phone tablet personal computer in the world. pretty much every chip in every type of consumer devices have an ip address associated with them. therefore,...
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new flash flood watches issued for parts of washington and oregon. flood watches and warnings going everywhere because rivers out of their banks and there's just more rain where this came from. many more days. as we push the rain on shore, the moisture from the pacific will be raining from all the way from washington through the cascades and down and big snows into the sierra as well. up to four feet of snow already on the ground, and at least that much still coming for some of these ski resorts there. that's great news for some. at some point in too time that snow gets too deep, and they have to close things and make the avalanche warnings it go. right now we're okay. skiers there very happy. some of the residents not so happy with all this rain, though, ashleigh. >> let's head over to the other coast, and the trail train derailment in new jersey. paulsboro. this happened on friday. how on earth could it be, you know, days until all of a sudden residents are told, oh, go inside and close your doors and windows? >> well, it was this morning when this
new flash flood watches issued for parts of washington and oregon. flood watches and warnings going everywhere because rivers out of their banks and there's just more rain where this came from. many more days. as we push the rain on shore, the moisture from the pacific will be raining from all the way from washington through the cascades and down and big snows into the sierra as well. up to four feet of snow already on the ground, and at least that much still coming for some of these ski...
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these are live pictures from the national defense university right here in washington, d.c. we'll go there live. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 3
these are live pictures from the national defense university right here in washington, d.c. we'll go there live. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ get...
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not in washington or with congress or the senate. here is what he had to say. >> it is not acceptable to me, and i do not think it is acceptable to you for a handful of republicans in congress will middle-class tax cuts hostage simply because they don't want tax rates on pper income folks go up. gerri: it sounds like the same old, same old. the president has been making the same comments agai is this any way to sell a plan? >> there really is not. the president is not being serious about this. the fact that the president is out there campaigning on this rather than negotiating, it means that those that are negotiating, such as secretary geithner, they probably don't feel bound by what the president is saying. this is the first gammons and certainly not a serious offer. >> mitch mcconnell laughed out loud on camera at the plant. what do you make of that? >> he had every reason to. let's look at this plan for what it is. a massive tax hike. instead of offering tax hikes, which is something that republicans have been mandated, he wants
not in washington or with congress or the senate. here is what he had to say. >> it is not acceptable to me, and i do not think it is acceptable to you for a handful of republicans in congress will middle-class tax cuts hostage simply because they don't want tax rates on pper income folks go up. gerri: it sounds like the same old, same old. the president has been making the same comments agai is this any way to sell a plan? >> there really is not. the president is not being serious...
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(vo) first, news and analysis with a washington perspective from an emmy winning insider. >>you couldn't say it any more powerfully than that. >> current tv, on the roll. (vo)followed by humor and politics with a west coast edge. >>ah, thank you. >>it really is incredible. (vo)bill press and stephanie miller, current's morning news block. weekdays six to noon. at cepacol we've heard people are going to extremes to relieve their sore throats. oh, okay, you don't need to do that. but i don't want any more of the usual lozenges and i want new cooling relief! ugh. how do you feel? now i'm cold. hmm. this is a better choice. new cepacol sensations cools instantly, and has an active ingredient that stays with you long after the lozenge is gone. ahhh. not just a sensation sensational relief. ♪ we were skipping stones and letting go ♪ ♪ over the river and down the road ♪ [ female announcer ] at nature valley we know nature comes together in amazing ways. that's why we bring together natural ingredients, like dark chocolate with toasted oats, or sweet golden honey. perfect
(vo) first, news and analysis with a washington perspective from an emmy winning insider. >>you couldn't say it any more powerfully than that. >> current tv, on the roll. (vo)followed by humor and politics with a west coast edge. >>ah, thank you. >>it really is incredible. (vo)bill press and stephanie miller, current's morning news block. weekdays six to noon. at cepacol we've heard people are going to extremes to relieve their sore throats. oh, okay, you don't need to...
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london we have donna mustafa he is a reader in politics and environment at king's college london and in washington we cross to michael guillen he is a south asia associate at the woodrow wilson international center for scholars all right gentlemen crosstalk rules in effect that means you can jump in any time one twenty five go to you first in london do you like the term water wars because it's used a lot in media. it sounds good because it's a literal served want to was but in fact it misleads people into thinking that once you run out of water whatever that means you then automatically reach for a kalashnikov and go to war waters we have seen over the past forty years at least difficult war is that when people are a lot of water that is they haven't got enough water to raise the food that they need at home they're not no longer self-sufficient they then reach for trade because trade is quiet and invisible it doesn't raise any politics a country all the twenty countries in the middle east and many other countries in the world and all the countries in europe except france can easily move into depen
london we have donna mustafa he is a reader in politics and environment at king's college london and in washington we cross to michael guillen he is a south asia associate at the woodrow wilson international center for scholars all right gentlemen crosstalk rules in effect that means you can jump in any time one twenty five go to you first in london do you like the term water wars because it's used a lot in media. it sounds good because it's a literal served want to was but in fact it misleads...
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probably your last chance to get meet and grope tickets for the sexy liberal in washington, d.c. inauguration weekend. did you have a thought on the royal seed? >> i was thinking of the play i did -- the musical where i played elvis the father of the royal twins. kids. >> stephanie: in a stroke of -- best show business luck timing, what happened? >> yeah, well, the show was about to go on tour except that that night the real princess diana died. [ wah wah ] the understudy who played diana was in the tunnel two hours before the real diana. >> spooky. >> stephanie: that sucks all of the comedy out of the room right there. all right. speaking of comedy, damian in johnstown, pennsylvania, he was in new york city. he made the cookies and freedom bitches t-shirt. aisha tyler. >> goes well with the boogity boogity cheese. >> stephanie: one thing i love i can laugh. my office, not so much. a little while ago chris made his electric boogaloo joke and i laughed outloud which earned me strange looks from my office mates. thanks for making me that guy. eat it. [ ♪ "world news tonight" ♪
probably your last chance to get meet and grope tickets for the sexy liberal in washington, d.c. inauguration weekend. did you have a thought on the royal seed? >> i was thinking of the play i did -- the musical where i played elvis the father of the royal twins. kids. >> stephanie: in a stroke of -- best show business luck timing, what happened? >> yeah, well, the show was about to go on tour except that that night the real princess diana died. [ wah wah ] the understudy who...
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senator, what's changed in washington? where is the room for real bipartisan to avert this fiscal cliff? does it exist? >> i think it does. i think we understand that this is about our country first. and it really is a time we need to put politics aside, and it's going to be painful. none of us are going to get the deal that we exactly want. but we have to keep talking to one another. and bob and i have talked this week. i'm talking every day with my republican colleagues. what has to happen, though, there has to be a realization that if we do nothing, the republicans are going to have to live with the fact that they are willing to stop a deal all over a tax rate for the top 2% of this country. and, frankly, i'm really hopeful that doesn't happen. and i know bob feels the same way. >> senator, lindsey graham has said in this past week, quote, no republican will vote for higher tax rates. will you? >> well, the negotiations are between the president and speaker boehner. and they will get into the details of that. i think yo
senator, what's changed in washington? where is the room for real bipartisan to avert this fiscal cliff? does it exist? >> i think it does. i think we understand that this is about our country first. and it really is a time we need to put politics aside, and it's going to be painful. none of us are going to get the deal that we exactly want. but we have to keep talking to one another. and bob and i have talked this week. i'm talking every day with my republican colleagues. what has to...
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reporting live from washington, d.c. alison burns ktvu channel 2 news. >>> last night president obama congratulates zone people honored for -- seven people honored for their lifetime culture. among the honorees ballerina natal yeah. david letterman. dust tin hoff man. and the surviving members of led zeppelin. >>> time now 5:14. let's check in with tara. >> we have that big accident in livermore that looks like that scene has been moved over to the shoulder. eastbound traffic should be flowing okay on 580. allie rasmus will have an update on the high speed chp pursuit. now let's head outside. we can take a live look at sf. this is 101. you can see there are no delays on the left hand side there as you make your way toward downtown. and we have a look at highway 4. this is is through the bay point area. the headlights there are folks heading westbound toward concord no delays. and finally 280 in san jose you can see traffic flowing well in both directions. here is steve. >>> thank you, tara. very good morning. things are
reporting live from washington, d.c. alison burns ktvu channel 2 news. >>> last night president obama congratulates zone people honored for -- seven people honored for their lifetime culture. among the honorees ballerina natal yeah. david letterman. dust tin hoff man. and the surviving members of led zeppelin. >>> time now 5:14. let's check in with tara. >> we have that big accident in livermore that looks like that scene has been moved over to the shoulder. eastbound...
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it's monday december third four pm in washington d.c. i'm christine for you're watching our tape while much of the mainstream media cycles last week were mired in chatter about u.n. ambassador susan rice and the possibility she may be considered to take over as secretary of state once hillary clinton leaves her post and most of what you probably heard sounded something like this. we are significantly troubled by many of the answers that we got and some that we didn't yet bottom line and more disturbed now than i was before we will not allow a brilliant public servant record to be mug to cut off her her consideration to become secretary of state the republicans are making a big mistake the first thing they do after the election is start attacking an african-american woman without any cause by the way this is somebody had nothing to do with been guys a she was given cia information the cia told her here's what i think it's appropriate to say of course it's only racism when it's directed toward a a liberal or a democrat it's never racism to
it's monday december third four pm in washington d.c. i'm christine for you're watching our tape while much of the mainstream media cycles last week were mired in chatter about u.n. ambassador susan rice and the possibility she may be considered to take over as secretary of state once hillary clinton leaves her post and most of what you probably heard sounded something like this. we are significantly troubled by many of the answers that we got and some that we didn't yet bottom line and more...
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dozens of industry leaders are in washington, d.c. taking their case to congress and the president and going over that cliff could be a threat to our national security. let's bring in david hess, president of pratt and whitney. david, how severe is the problem? critics will say that the defense industry has grown pretty much every year for the last 20 years and that we probably spend way too much on defense anyway. >> it's hard to understand that comment. quite honestly what often gets missed in the midst of this debate right now is we're already in the middle of step one of defense budget reductions. we're in the midst of under the budget control act which has already been passed, we're in the midst of a $487 billion defense spending reductions right now. you are seeing that in the headlines and some of the analyses -- >> sorry, david, are those real reductions or are those cuts to projected increases? >> i characterize them as real reductions. you can see that in some of the headlines, unfortunately, we're dealing with across the co
dozens of industry leaders are in washington, d.c. taking their case to congress and the president and going over that cliff could be a threat to our national security. let's bring in david hess, president of pratt and whitney. david, how severe is the problem? critics will say that the defense industry has grown pretty much every year for the last 20 years and that we probably spend way too much on defense anyway. >> it's hard to understand that comment. quite honestly what often gets...
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it's monday december third five pm in washington d.c. i'm christine for and you're watching r t starting off this hour with the latest news out of syria there are reports that syrian president bashar al assad may be preparing to use chemical weapons in his war torn country both the united states and its western allies have warned the syrian government that assad will quote be held accountable if his forces use those weapons against the rebels fighting his government this is also the story being told to the american people that syria's stockpile of chemical weapons is dangerous and could be deadly does this sound familiar well if so it could be because you heard very similar talk a decade ago in the lead up to war with iraq. the danger to our country is growing. iraqi regime possesses biological. and chemical weapons weapons of mass destruction weapons of mass destruction weapons of mass destruction every statement i make today is backed up by sources solid sources these are not assertions we're giving you are facts and conclusions based
it's monday december third five pm in washington d.c. i'm christine for and you're watching r t starting off this hour with the latest news out of syria there are reports that syrian president bashar al assad may be preparing to use chemical weapons in his war torn country both the united states and its western allies have warned the syrian government that assad will quote be held accountable if his forces use those weapons against the rebels fighting his government this is also the story being...
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let me bring in "the washington post" columnist and our politics reporter. good morning. so the headline in the "new york times" is pushing the gop to negotiate, obama ends giving in. and peter baker writes that president obama has emerged kind of a different style of negotiator in the past week or two, sticking to the liberal line, frustrating the republicans clearly. this is a strategy his base might like but i'm wondering will it make him a better deal maker? >> it just may mean that republicans ultimately give him close to what he wants on raising tax rates on the top 2%. president obama has been very clear, he was all the way through the campaign that he would not give in on that. so that's i think what's important now. republicans don't like a lot of what was in the white house's opening offer. they dictate the $50 billion stimulus that was in the offer as a slap in the face. some of these little things we'll see taken out of file deal. >> to that point here's john boehner talking about when he saw that opening offer. >> i was flabbergasted. i looked at him and said
let me bring in "the washington post" columnist and our politics reporter. good morning. so the headline in the "new york times" is pushing the gop to negotiate, obama ends giving in. and peter baker writes that president obama has emerged kind of a different style of negotiator in the past week or two, sticking to the liberal line, frustrating the republicans clearly. this is a strategy his base might like but i'm wondering will it make him a better deal maker? >> it...
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susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good morning, terrell. it may appear the two sides are nowhere but these talks are expected to pick up dramatically very soon. december is here and as they say here in washington the lawmakers can smell the jet fumes meaning the planes taking them home for their holiday recess. what we're hearing there should be a deal by christmas. the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover. timothy geithner was on the hill last week to present the president's plan to congress. >> i was flabbergasted. >> reporter: president obama wants $1.6 trillion in new taxes on the rich. $400 billion in cuts to entitlement programs such as medicare and $50 billion in stimul
susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good morning, terrell. it may appear the two sides are nowhere but these talks are expected to pick up dramatically very soon. december is here and as they say here in washington the lawmakers can smell the jet fumes meaning the planes taking them home for their holiday recess. what we're hearing there should be a deal by christmas. the white house is already decorated for the holidays but...
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we are going to start with breaking news from washington, d.c. leaders from both sides trying to reach a deal. reach edson with the very latest. rich: $800 billion in revenue increases through a tax overhaul. republicans are still opposed to any tax rate increases in this plan. in a show bipartisanship, republicans say they have co-opt these details from a plant bernsen bowls offered last year. in this letter to the president, republican leaders right this is by no means an adequate long-term solution. it will require fundamental entitlement reform. indeed, though both plant is the exact type of imperfect, but fair one without hurting our economy and creating jobs. today, the white house has demanded an offer from republicans. they now have one. back to you. llri: rich edson, and he thinks. the market is taking a breather today. dupont and 3m are the biggest draggers on the dow. early stocks rising out of the gate out of some good news out of china over the night. hitting a seven month high, but then the u.s. isf number hit at 10:00 a.m. eastern
we are going to start with breaking news from washington, d.c. leaders from both sides trying to reach a deal. reach edson with the very latest. rich: $800 billion in revenue increases through a tax overhaul. republicans are still opposed to any tax rate increases in this plan. in a show bipartisanship, republicans say they have co-opt these details from a plant bernsen bowls offered last year. in this letter to the president, republican leaders right this is by no means an adequate long-term...
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reporting from washington, i am laura trevelyan. a royal baby is on the way. the news that prince william and his wife are expecting grabbe
reporting from washington, i am laura trevelyan. a royal baby is on the way. the news that prince william and his wife are expecting grabbe
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here is a piece speaking in washington. [video clip] >> i think you will see economic growth slowed by as much as 3% to 5%. it will throw another 2 million people out of work. unemployment will go to 9%. i think it is about a third that will go over the cliff. people will go there very quickly for lots of different reasons. you will see the numbers in the fourth quarter. i think the real problem is if we do not get a deal right away. that will lead to chaos. host: chaos he says. guest: i think it is a fair assessment to say there is a chance we might go off the cliff. if we do, it is not for a long cliff. i am a little more optimistic. i believe there has been a lot more movement than a few years ago. if you go, a cbo is projecting this in the first quarter. we are looking ahead -.5 for the whole year. cbo has estimated that the unemployment would go over 9%. of americans. host: some are using word slope, maybe it is not so sharp. if washington fails to get it done by the first, it will shrink. monuments will stay open. ame
here is a piece speaking in washington. [video clip] >> i think you will see economic growth slowed by as much as 3% to 5%. it will throw another 2 million people out of work. unemployment will go to 9%. i think it is about a third that will go over the cliff. people will go there very quickly for lots of different reasons. you will see the numbers in the fourth quarter. i think the real problem is if we do not get a deal right away. that will lead to chaos. host: chaos he says. guest: i...
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still to come, washington has come to a standstill. washingtons and republican democratics and republicans arguing. we'll discuss. and plus it's a far cry from the highway traffic jam hitting russia. reports suggest the main road from moscow to petersburg was backed up for 125 miles after heavy snow. one driver told reporters he moved just one kilometer in 24 hours. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> these are your headlines. the white house and congress may need to call the auto club to jump-start budget talks. they're stalled on discussions over taxes. chin
still to come, washington has come to a standstill. washingtons and republican democratics and republicans arguing. we'll discuss. and plus it's a far cry from the highway traffic jam hitting russia. reports suggest the main road from moscow to petersburg was backed up for 125 miles after heavy snow. one driver told reporters he moved just one kilometer in 24 hours. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle...
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gridlock still the word in washington. tracy: sticking to the party lines, both sides blaming the other, as a fall off the cliff looms. dennis: joined by tea party republican dianne black, and asking her about a new survey finding americans trust car salesmen more than congress. tracy: shouldn't be a surprise to anybody. we have a retail analyst who likes jc penny. has he been to the mall lately? is he the only person in america who does? dennis: third time for heff? he's getting hitched to a 26-year-old lass. tracy: at least she has her driver's license. at the top of the hour, stocks now. lauren's on the floor of the new york stock exchange. hey, lauren. >> you missed my face after that last story. i was like, ew, and that's how the markets are today; right? look at the dow, down nine points, nays -- nasdaq up six, and s&p hanging on by a point. markets took a turn after the manufacturing number for november, weakest number since july 2009. trying to recover since then. value shares well, up 6% right now. capital managem
gridlock still the word in washington. tracy: sticking to the party lines, both sides blaming the other, as a fall off the cliff looms. dennis: joined by tea party republican dianne black, and asking her about a new survey finding americans trust car salesmen more than congress. tracy: shouldn't be a surprise to anybody. we have a retail analyst who likes jc penny. has he been to the mall lately? is he the only person in america who does? dennis: third time for heff? he's getting hitched to a...
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his balloon capsule is now on display at the air and space museum at the smithsonian in washington, right there with the wright brothers' plane, lindberg's plane, the "spirit of saint louis," and the apollo 11 space capsule. bertrand hopes "solar impulse" will eventually have a home here as well, and he told us the inspiration for the airplane started with that balloon landing in the desert. >> piccard: when i landed there, there were 40 kilos, 80 pounds, of liquid propane out of the 3.7 tons from the take-off. it was almost a failure due to the dependency on fuel, and on that day, i made a promise-- i made a promise that, the next time i would fly around the world, it would be with no fuel at all. >> simon: earlier this year, they made their longest flights yet, from switzerland to spain, and then across the mediterranean to morocco and back. for the flight around the world, they will be in the air 20 days and 20 nights... >> bonjour, le maroc! ( cheers and applause ) >> simon: ...with several stops so the pilots can take turns. flying over the swiss alps is pleasant enough, but think ab
his balloon capsule is now on display at the air and space museum at the smithsonian in washington, right there with the wright brothers' plane, lindberg's plane, the "spirit of saint louis," and the apollo 11 space capsule. bertrand hopes "solar impulse" will eventually have a home here as well, and he told us the inspiration for the airplane started with that balloon landing in the desert. >> piccard: when i landed there, there were 40 kilos, 80 pounds, of liquid...
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>> washington. washington's south; right? >> of here. >> wall street's south of here too. >> but down, down there. the meetings are about keeping people, i think, in line. we should point out that larry fink is on the treasury secretary short list. you know, i think this is jack lew's to lose, so to speak. that's what people say on wall street. if he's well in the budget negotiations, meaning, you know, basically, jamming most of the president's proposals down the republicans' throat, looks like he gets the job. that's where we are now. it's interesting watching wall street kiss up to the president on this. >> it is interesting. >> there is nobody, no economic perp i talked to who really thinks that this is the time to raise marginal taxes, even on the rich, the alleged rich, which really are not too rich if you live in new york and the coast, and not only that, but hits small businesses. you have a small business -- >> raises just enough to run the government for a week and a half or gets us closer to solving the problem. >>
>> washington. washington's south; right? >> of here. >> wall street's south of here too. >> but down, down there. the meetings are about keeping people, i think, in line. we should point out that larry fink is on the treasury secretary short list. you know, i think this is jack lew's to lose, so to speak. that's what people say on wall street. if he's well in the budget negotiations, meaning, you know, basically, jamming most of the president's proposals down the...
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you're talking about giving more money to the least competent people in america, the politicians in washington. you're talking about giving them the extra money so they could have bigger government. the fact that they're taking that money frommus in a less bad way i suppose that is good news but we're still taking one step after another in the wrong direction. at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have to figure out how to get control of intitlements. the while house refuses to have adult conversation about that. melissa: neither of these proposals, neither side gets us closer to closing the enormous gap you're talking about. i say over and over again and if this was your household and bills were so far out of line with what the revenue was you could get very serious very quickly. these people do not seem to do that. for republicans is it looking more and more palatable to go over the cliff at this point? >> depends on how dogmatic obama is. like selling a car on craig's list and put it up for 5,000 and really take 4500. someone offers yo
you're talking about giving more money to the least competent people in america, the politicians in washington. you're talking about giving them the extra money so they could have bigger government. the fact that they're taking that money frommus in a less bad way i suppose that is good news but we're still taking one step after another in the wrong direction. at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have to figure out how to get...
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from "washington journal," it is 10 minutes. the >> host: looking at the fiscal cliff we turn our attention to deductions and tax loopholes. some of them are potentially on the chopping block. congress and white house negotiate how to move forward. joining us to talk about this from "the wall street journal" is john mccann in. let's start out with the basics. what are loopholes and deductions? we hear those words a lot, but what are they? >> guest: loopholes are in the eye of the beholder. who pulls our tax breaks of all different sorts and what do you make a particular loophole or not depends on where you said i think. there are lots of loopholes that are deductions are deductions are the ones that most people are most familiar with. the big itemize deductions are things like a home mortgage interest deduction. there is a deduction for state and local taxes is very important. the deduction for charitable contributions is real important. there's all kinds of other breaks that exist in a tax code that people are less familiar wit
from "washington journal," it is 10 minutes. the >> host: looking at the fiscal cliff we turn our attention to deductions and tax loopholes. some of them are potentially on the chopping block. congress and white house negotiate how to move forward. joining us to talk about this from "the wall street journal" is john mccann in. let's start out with the basics. what are loopholes and deductions? we hear those words a lot, but what are they? >> guest: loopholes are...
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as a joint investigation by 60 minutes and the washington post revealed in 2008, it raises new questions about the integrity and security of the shadowy and highly profitable business that operates outside u.s. law. >> moneymaker puts his name amongst the greatest players in the game! >> if you had to pick the moment that the poker boom began, it was probably the day an unknown accountant named chris moneymaker won $2.5 million at the 2003 world series of poker. suddenly, every amateur with a hat, sunglasses, and a stack of chips saw themselves as the next big moneymaker. nearly 7,000 people competed in this year's tournament for $180 million in prize money, but the fever has spread far beyond las vegas. it is the richest sporting competition in the world, and yet all of this pales in comparison to the 1/2 million people who are playing on the internet right now in the unregulated world of online poker. as we learned in this tutorial, all you have to do to play is log on to the worldwide web, click your way onto an online gambling site, open an account with your credit card, choose your
as a joint investigation by 60 minutes and the washington post revealed in 2008, it raises new questions about the integrity and security of the shadowy and highly profitable business that operates outside u.s. law. >> moneymaker puts his name amongst the greatest players in the game! >> if you had to pick the moment that the poker boom began, it was probably the day an unknown accountant named chris moneymaker won $2.5 million at the 2003 world series of poker. suddenly, every...
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at what point, do we stop in washington and say we may have a fundamental problem here. the economic crisis does have a direct link to fertility. stuart: last one. i believe that every year on the emperor's birthday, he gives a little silver stock cup -- last time around, as i recall, he handed out 20,000 cops. is that accurate? >> i do not have the exact figure on that. my father-in-law, for example, is 87 years old and strong as an ox. anecdotally, i see that in my neighborhood when i walk every morning. stuart: does the society look old, as you walk around, is it just noticeable? >> no. you know, kids are very delighted. it is encouraging. you hear the squeals and laughter from all the schoolyards around the neighborhood. that is getting quieter. stuart: this is just fascinating. i wish we had more time. we will do this again. this extreme demographics in japan and america may be going down the same road. i find that absolutely fascinating. this is demographics. >> yes, it is. stuart: you cannot turn it around like you can turn ideology around. come and see us again.
at what point, do we stop in washington and say we may have a fundamental problem here. the economic crisis does have a direct link to fertility. stuart: last one. i believe that every year on the emperor's birthday, he gives a little silver stock cup -- last time around, as i recall, he handed out 20,000 cops. is that accurate? >> i do not have the exact figure on that. my father-in-law, for example, is 87 years old and strong as an ox. anecdotally, i see that in my neighborhood when i...
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we will tell you what's going on here in washington, d.c. around the country, around the globe and invite you to join the conversation at 866-55-press, on twitter, we are @bpshow and on facebook, facebook.com/billpressshow. lots to talk about this morning. the kennedy center helped here in kennedy honor last night at the kennedy center. at the whitehouse, president obama out playing golf with former president bill clinton, the second time they have played. i think this might have been a little payback for clinton's help during the presidential campaign. john boehner still the main obstacle to get anything done about fiscal cliff. we are calling on joining you to lead or get out the way. lead or resign. we will tell you again how to reach his office, how to call him, how to tweet him and get out of the way if you are going -- if you don't have the backbone to lead, if you don't have the backbone who will? >> lots to talk about. >> that's why we have asendsembled the entire team press here peter henning and dan. and back on the phones and as a
we will tell you what's going on here in washington, d.c. around the country, around the globe and invite you to join the conversation at 866-55-press, on twitter, we are @bpshow and on facebook, facebook.com/billpressshow. lots to talk about this morning. the kennedy center helped here in kennedy honor last night at the kennedy center. at the whitehouse, president obama out playing golf with former president bill clinton, the second time they have played. i think this might have been a little...
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dave, you are headed to washington. let us know what's happening. >> he's going to fix it. >> we're going to have pizza. >> make sure you join us tomorrow. "squawk on the street" is next. ♪ >>> led zeppelin to wash away monday blues. congrats to the band for winning kennedy center honors last night. welcome to "squawk on the street." i'm carl quintanilla along with jim cramer, david faber live at nyse. melissa will join us in the next hour. we're kicking off the month of december with strength. anticipating good auto numbers today. greece unveiling that $10 billion eurobond buyback. a 52-week high in france and germany. our road map this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing data out of china. not bad.
dave, you are headed to washington. let us know what's happening. >> he's going to fix it. >> we're going to have pizza. >> make sure you join us tomorrow. "squawk on the street" is next. ♪ >>> led zeppelin to wash away monday blues. congrats to the band for winning kennedy center honors last night. welcome to "squawk on the street." i'm carl quintanilla along with jim cramer, david faber live at nyse. melissa will join us in the next hour. we're...
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alison burns is in our washington, d.c. newsroom monitoring the high court. what is the latest? >> reporter: dave, in just about 20 minutes the supreme court is expected to release a list of cases it is going to consider this term. san francisco city officials tell us they will be ready to perform same sex weddings as early as tomorrow if the court decides not to take up proposition 8. california's ban on gay marriage. a lower court overturned the law and same sex marriage supporters are hoping the supreme court will let that decision stand. >> we are prepared for the crowds that we had in 2004 and 2008. and again we will just be open and ready for anyone who wants to come and get married. >> the justices are also considering several challenges to a federal law that limits benefits for same sex couples. several legal analysts are saying this morning that the justices might want to meet again to talk about which of the gay marriage cases they will consider and that meeting likely wouldn't happen until friday so the wait might continue. reporting live alison burns. >>> more proble
alison burns is in our washington, d.c. newsroom monitoring the high court. what is the latest? >> reporter: dave, in just about 20 minutes the supreme court is expected to release a list of cases it is going to consider this term. san francisco city officials tell us they will be ready to perform same sex weddings as early as tomorrow if the court decides not to take up proposition 8. california's ban on gay marriage. a lower court overturned the law and same sex marriage supporters are...
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keeping an eye and washington politicians are getting nowhere as they try to deal with the fiscal cliff that is just 28 days away. will be back in two minutes after this quick break. 0ñ@Ñ
keeping an eye and washington politicians are getting nowhere as they try to deal with the fiscal cliff that is just 28 days away. will be back in two minutes after this quick break. 0ñ@Ñ
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and it's the way washington used to work. people used to socialize together, whether they were democrats or republicans. they built an entire notion on the company that you can get democrats and republicans to work together to solve business and brand challenges. that's the key issue. >> they don't know each other. they don't socialize each other. there's a taint with doing it. let me give you an idea. we've got a fiscal cliff now. we have the fiscal abyss next year. we need to say, don't come home. no deal, no break. members should be in washington at least five days a week like every other american and not leave until they deal with the fiscal cliff this year or until we get a grand bargain next year. they would pull off seven times more days -- >> david faber tweeted this morning that they should be locked in a room and forced to listen to the animal orchestra until they have a deal. >> david faber's hair. >> you put them in a room. you tell them they're going to sit there until the deal is done. day three, no more food. d
and it's the way washington used to work. people used to socialize together, whether they were democrats or republicans. they built an entire notion on the company that you can get democrats and republicans to work together to solve business and brand challenges. that's the key issue. >> they don't know each other. they don't socialize each other. there's a taint with doing it. let me give you an idea. we've got a fiscal cliff now. we have the fiscal abyss next year. we need to say, don't...
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now, back to washington. what are the chances that lawmakers in washington will act in time to avert the fiscal cliff? if you go by what both sides are saying right now, not great. >> what we're not going to do is extend the tax cuts for the wealthiest americans. those cost a trillion dollars over ten years and there is no possibility that we're going to find a way to get our fiscal house in order without the tax rates going back up. >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. and it is unfortunate that the white house spent three weeks doing basically nothing. >> now, the republican counterproposal that we just heard about still includes those bush era tax cuts staying in place for everybody, which president obama has called a nonstarter. so what if we raised taxes a little bit? still be much lower than what americans paid just a generation ago. in 1980, the wealthiest americans paid a marg
now, back to washington. what are the chances that lawmakers in washington will act in time to avert the fiscal cliff? if you go by what both sides are saying right now, not great. >> what we're not going to do is extend the tax cuts for the wealthiest americans. those cost a trillion dollars over ten years and there is no possibility that we're going to find a way to get our fiscal house in order without the tax rates going back up. >> nobody wants to go over the cliff. that's why...
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but washington thought we were partnering with the right people. now we realize every egyptian other than the muslim brotherhood is again morsi. bill: here is cairo on the map and gaza are the latest battle took place between israel and hamas. while many are saying this is just the beginning in cairo and it could spread to numerous countries. it could be libya or tunisia. people are talking about jordan though the headlines out of jordan have not been dramatic. then you have iraq and the ongoing war up here in syria. is your fare that if egypt continues to go the way you are describing that others go along with it? >> absolutely, bill. this is the right map. we need to have an understanding of what's going on. if the muslim brotherhood take hold they will have an alliance with the islamists of tunisia, and in between sandwiching libya, so from tunisia to gaza you are going to have this huge islamist block, the most concerning point would be what would morsi do. then as we just mentioned into jordan. it's a marchs order. bill: where does the united
but washington thought we were partnering with the right people. now we realize every egyptian other than the muslim brotherhood is again morsi. bill: here is cairo on the map and gaza are the latest battle took place between israel and hamas. while many are saying this is just the beginning in cairo and it could spread to numerous countries. it could be libya or tunisia. people are talking about jordan though the headlines out of jordan have not been dramatic. then you have iraq and the...
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that's no surprise in washington. as you can seen through dealmaking not just on this but things in the past couple of years between the white house and congress, there is almost this rhythm that has evolved. both sides are pointing to the other for an impasse. republicans like senator lindeyy graham just slamming the white house and tim geithner for a plan he laid out on behalf of the administration, laying out about $1.6 trillion in new revenues coupled with only about $400 billion in medicare cuts. listen to what graham said. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. this offer doesn't remotely deal with entitlement reform in a way to save medicare, medicaid and social security from imminent bankruptcy. the president's plan when it comes to entitlement form is quite frankly a joke. >> so over the weekend the sunday shows, you saw geithner basically drawing a line in the sand. he said there's not going to be a deal on entitlement reform, tax reform unless repub
that's no surprise in washington. as you can seen through dealmaking not just on this but things in the past couple of years between the white house and congress, there is almost this rhythm that has evolved. both sides are pointing to the other for an impasse. republicans like senator lindeyy graham just slamming the white house and tim geithner for a plan he laid out on behalf of the administration, laying out about $1.6 trillion in new revenues coupled with only about $400 billion in...
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why there's worry in washington, d.c. about chemical weapons there. "starting point" team is heading in to talk about that much more you're watching "starting point." 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping mill
why there's worry in washington, d.c. about chemical weapons there. "starting point" team is heading in to talk about that much more you're watching "starting point." 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at...